Vintage home, modern price

Situated on a half-acre lot on Douglas Avenue in Belmont, this farmhouse, c. 1910, spent five months on the market before selling at $485,000, a price that exceeds the current assessment by $115,500. A recent expansion and renovation may have contributed to both the strong sales price and the price per square foot of $258, more than $100 over the area average. [See correction below.]

Correction 1/10/12: The property featured here actually included two other parcels, one of them buildable. Therefore, when all three parcels are added up, the $485,000 sale price comes in slightly under assessment, not over assessment as we asserted.